General contractor license applicants or licensees who do not meet the minimum working capital or net worth requirements for their license limitation. Required when: Application for or renewal of a general contractor license when the applicant cannot demonstrate the required level of working capital or net worth. Exem…
Overview
What it is.
General contractor license applicants or licensees who do not meet the minimum working capital or net worth requirements for their license limitation. Required when: Application for or renewal of a general contractor license when the applicant cannot demonstrate the required level of working capital or net worth. Exem…
Who usually needs it
General contractor license applicants or licensees who do not meet the minimum working capital or net worth requirements for their license limitation.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNCBond amount$175,000 for Limited license; $500,000 for Intermediate license; $1,000,000 for…Term lengthContinuousObligeeNorth Carolina Licensing Board for General ContractorsRenewalThe bond must be maintained as long as the license is active and financial requirements are not met; proof of the bond must be submitted with the annual license renewal form.Bond classMiscellaneous CommercialCategoryConstructionBondSurety BondStatutory referenceN.C. Gen. Stat. § 87-10; 21 NCAC 12A.0204JurisdictionState
